Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 201,612 shares of the transportation company's stock after selling 24,646 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Expeditors International of Washington worth $26,492,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Crewe Advisors LLC purchased a new position in Expeditors International of Washington during the first quarter worth about $25,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $35,000. ORG Partners LLC increased its position in Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock worth $51,000 after purchasing an additional 376 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington during the second quarter worth approximately $52,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPD. TD Cowen cut shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and lowered their price objective for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Bank of America raised their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $115.33.

Expeditors International of Washington Trading Up 1.1 %

EXPD stock traded up $1.33 during trading on Monday, reaching $120.39. The stock had a trading volume of 1,657,650 shares, compared to its average volume of 1,208,716. The firm has a fifty day moving average price of $122.62 and a 200 day moving average price of $121.20. The company has a market capitalization of $16.99 billion, a P/E ratio of 25.83, a PEG ratio of 5.03 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. Expeditors International of Washington's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.